BAIC Group

Beijing Automotive Group Co., Ltd., known as BAIC and formerly the Beijing Automotive Industry Corporation, is a Chinese state-owned automobile manufacturer headquartered in Shunyi, Beijing. It traces its origin to 1958, when it was founded as Beijing Automobile Works, which produced the Dongfanghong BJ760, a vehicle based on the Soviet GAZ-21. The group sells vehicles under its own brands such as Arcfox, Beijing, Foton Motor and Ruili Doda, and builds foreign-branded vehicles through joint ventures including Beijing-Benz and Beijing-Hyundai. Its principal subsidiaries are the passenger car maker BAIC Motor, in which it holds 44.98 percent, and the truck, van, bus and agricultural equipment maker Foton Motor. In 2009 it bought Saab Automobile technology from a former General Motors unit, including three vehicle platforms, and from 2019 it bought shares in Daimler, reaching 9.98 percent in December 2021. It was the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021.